PCM Extended Warranty or NO?

[scottrob]

Looks like it's a Pinnacle Protection Plan.

I can photocopy and post if you would like.

[bkhallpass]

Hundo,

Your comparisons to auto and health insurance is correct. However,
the difference is in the magnitude of risk. Insurance, extended warranties, etc. are all about risk management.

Most people are not financially secure enough to take the risk of a catasrophic medical injury or illness. Likewise, most folks aren't financially secure enough to take the risk of a total loss on a 30,40, 50K car.

However, many people can take the risk of the loss of a $6900 engine.
If you can afford such risk, then the economics and averages say it is
a bad deal to buy an extended warranty.

BKH

[hundo]

Very true,

edmunds.com is a good place where they explain the pros and cons also

[ag4ever]

Depending on what part of houston you are in, and if you are ok with saltwater really tells more of where you can ride.

I have been in the San jacinto river, it is ok but not great.

I have been on Lake Houston, again, ok but not great.

Never been on clear lake, and my boat never will be.

I think there are some places around chocolate bayou. Not sure never been.

I mainly ride on lake somerville since I am on the NW part of Houston.

[scottrob]

All,

Sorry it took me so long to post the aftermarket warranty I was talking about. Here it is. I saved as "low res" to save space, so you'll need to open each picture using a program that can zoom.

Appreciate your thoughts on whether is worth the $1220 or not. Thanks.

[j2nh]

I would very carefully check out Pinnicale before handing over your cash. The warranty itself looks good but what about the company?

How long have they been in business?

The reason I ask is that you are banking that they will still be in business in 3 years time. One of the larger automotive ones just went under last fall, closed the doors, money was gone, policy holders got zero.